Form 4: Workday CFO Zane Rowe Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Workday's Chief Financial Officer, Zane Rowe, disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On July 5, 2024, Zane Rowe, the Chief Financial Officer of Workday, Inc., disposed of 15,353 shares of Class A Common Stock to satisfy tax withholding obligations.
- The shares were sold at a price of $225.55 per share.
- Following the transaction, Rowe directly owns 179,669 shares, which includes 148,085 restricted stock units (RSUs) that vest subject to continued service.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's overall outlook.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax planning. Disposals to cover tax obligations are typical when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 07/05/2024 | Date of stock disposal transaction. |
| 07/09/2024 | Date of signature on the Form 4 filing. |
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